The global cold seal plastic films market is expected to increase at a growth rate of around ~5.0% to 6.0% during the forecast period. The abundance presence of plastic manufacturing practices and facilities in China is the driving factor for the growth of the cold seal plastic films market in Asia Pacific region.
Global Cold Seal Plastic Films Market: Market Outlook
A cold seal plastic film is composed or is a combination of two films which are then laminated with the help of pressure-sensitive adhesive coating. The two films must be compatible with each other to provide better protection and barrier to the product inside.
These films are proven to be one of the best solutions for various applications owing to the product safety from damage and also eliminates the use of other packaging alternatives like plastic cartons, corrugated boxes, sealing tapes, etc. Cold seal plastic films used for packaging are also known as polyolefin-based packaging films. Polypropylene-based coatings such as bi-axially oriented polypropylene (BOPP) with additives and suitable adhesives are majorly used in the manufacturing of cold seal plastic films.
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
What are the Key Trends Impacting Growth of the Cold Seal Plastic Films Market?
The development in the raw materials used in the production of cold seal plastic films and the innovations in different packaging formats in terms of look and properties are gaining traction in recent days.
The matte finish used for cold seal packaging is used to pack the temperature-sensitive products. Adding to that, it is a silicon-free BOPP complex that gives a rich matte finish with even film texture and excellent release properties. Also, the uplift in the packaging technology which is assisting the automation aided process is gaining the demand for the cold seal plastic films market.
How is the Demand for Cold Seal Plastic Films Increasing as compared to Heat Seal Plastic Films?
The cold seal plastic films offer added advantages over the heat seal plastic films, like the cold seal plastic films offers less product damage when compared with the heat seal plastic film, it causes less streaking and ghosting, fewer maintenance improvements especially which results in reduced waste, less safety concern as the manufacturers are not working with the heated seal jaw and also increase in the line speed as compared to the manufacturing of the heat seal plastic films manufacturing.
Find your sweet spots for generating winning opportunities in this market.
What are the Key Challenges that may restrain the Growth of the Cold Seal Plastic Films Market?
The incompatibility of the two plastic films used while manufacturing the cold seal plastic films can cause difficulty in the manufacturing process and the adhesives used cannot function properly and which then can result in defective product manufacturing.
Also, the cold-seal is a natural-based product and can become inconsistent and unstable if handled inappropriately. Therefore, it requires excellent handling skills and highly specialized knowledge while handling the cold seal plastic films.
Competitive Landscape
The following global key players such as
Uniflex
Kendall Packaging Corporation
Schur Flexibles Holding GesmbH
Innovia Films
Tekni-Plex
Constantia Flexibles
Foxpak Flexibles Ltd.
Key Asian players manufacturing cold seal plastic films are
Cosmo Films Limited
Jindal Poly Films
FlexFilms
Hangzhou Jujie Packaging Technology Co.Ltd.
Shandong Top Leader Plastic Packing Co.Ltd. (sdzlplastic)
Chengde Package Technology Co.Ltd.
and Hunan Zekun Packaging Technology Co.Ltd.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need and save 40%!
What strategies are the Key Players adopting for Increasing their Market Share in the Cold Seal Plastic Films Market?
The manufacturers involved in the manufacturing of cold seal plastic films are involved in the development and innovations in the raw material while manufacturing the cold seal plastic films. Also, the manufacturers are involved in the innovations in the new product type in the cold seal plastic films.
In October 2020, Ampacet, a world renowned masterbatch manufacturer, has released MATIF CSR 330, a BOPP specialty matte compound for cold seal packaging which is used to pack temperature-sensitive products.
In September 2018, Toray Plastics (America) launched its five new Torayfan coloured, metalized, and biaxially oriented polypropylene films suitable for packaging of consumer goods. The films include Torayfan MPX4, Torayfan MP5H, Torayfan MPHX5, Torayfan PCP1, and Toray PCP5. PCP1 and PCP5 are opposite-side corona-treated films that are suitable for cold-seal applications.
Why is China a Big Market for Cold Seal Plastic Films Market?
The abundance presence of plastic manufacturing practices and facilities in the country is the driving factor for the growth of the cold seal plastic films market. Also, the huge presence of the market players involved in the manufacturing of the cold seal plastic films is the significant factor responsible for the growth of the cold seal plastic films. Adding to this, the tremendous growth of the food & beverages industry is also anticipated to uplift the cold seal plastic films market in the coming days.
How has the COVID-19 Pandemic impacted the Cold Seal Plastic Films Market?
The COVID-19 pandemic has slightly affected the cold seal plastic films market, the reason being the disturbing supply chain management and the transportation owing to the imposed stringent rules & regulations by the regulatory bodies. Also, the manufacturing industries have to operate with a limited working capacity which was again a limitation in the manufacturing process.
However, the upliftment of the rules and regulations while the declining impact of the pandemic situation is forecasted to uplift the cold seal plastic films market.
Key Segments of Cold Seal Plastic Films Market Covered in the Report
